Union Station Leaseholders Agree To Multimillion-Tax Settlement | WAMU 88.5 - American University Radio

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Union Station Leaseholders Agree To Multimillion-Tax Settlement

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For years, Union Station Investco LLC and Union Station Redevelopment Corporation contended that they weren't required to pay the District's "Possessory Interest Tax" because Union Station is owned by the federal government, reports the Associated Press.

But a D.C. Superior Court judge ruled that they couldn't challenge the tax without first paying the amounts owed.

Leaseholders will have to pay the District $7.5 million, which amounts to five years of back taxes — from 2008 to 2012.

The settlement resulted in a dismissal of a lawsuit challenging the tax's validity.

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